Equitas Holdings plans to raise Rs. 2000 crore via IPO

India Infoline News Service | Mumbai | March 17, 2016 08:45 IST

Report says the company is planning IPO in the first week of April.

IPO
Chennai-based microfinance lender Equitas Holdings is planning to raise nearly Rs.2,000 crore through the IPO, according to reports.

Report says the company is planning IPO in the first week of April.
The company got Securities and Exchange Board of India (Sebi) approval for IPO on 29 December.

According to the DRHP, Equitas revenue rose 56% to Rs.755.9 crore in FY15. Last fiscal, its a profit was up 44% at Rs.106.6 crore.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.